| A | B |
|---|
| entrepreneur | a person who recognizes a business opportunity and organizes, manages, and assumes the risks of a business enterprise, with the intent of increasing the market value of the business |
| profit | the money left over after a business has paid all costs of producing its goods or services |
| small business | an independently owned business that usually has the owner as its manager. It serves a limited geographic area |
| sole proprietorship | a business owned by only one person. |
| partnership | a business owned by two or more persons who share the risks and rewards |
| corporation | a business owned by many people but treated by law as one person |
| stock | a share of ownership of a corporation. |
| producer | a business that gathers raw products in their natural state |
| retailer | purchases goods from a wholesaler and resells them to the consumer |
| wholesaler | also known as a distributor, distributes goods |
